Petredis Investment Advisors LLC Has $10.13 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Petredis Investment Advisors LLC lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,644 shares of the home improvement retailer’s stock after purchasing an additional 341 shares during the period. Home Depot accounts for 1.1% of Petredis Investment Advisors LLC’s holdings, making the stock its 21st biggest holding. Petredis Investment Advisors LLC’s holdings in Home Depot were worth $10,131,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wingate Wealth Advisors Inc. bought a new stake in shares of Home Depot in the 4th quarter valued at $28,000. Navigoe LLC bought a new stake in Home Depot in the fourth quarter valued at $29,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Home Depot during the fourth quarter valued at about $32,000. Quarry LP raised its holdings in shares of Home Depot by 220.0% during the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock valued at $37,000 after purchasing an additional 66 shares during the period. Finally, Marshall Investment Management LLC bought a new position in shares of Home Depot during the 4th quarter worth about $41,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Price Performance

Home Depot stock opened at $365.20 on Tuesday. The stock has a market cap of $363.35 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 4.03 and a beta of 1.02. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The business has a 50-day simple moving average of $361.51 and a 200 day simple moving average of $384.05. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). The business had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.63 EPS. On average, research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date is Thursday, June 5th. Home Depot’s dividend payout ratio is currently 62.42%.

Insider Buying and Selling

In other news, EVP Fahim Siddiqui sold 2,600 shares of the company’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the sale, the executive vice president now owns 7,951 shares of the company’s stock, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company’s stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the sale, the executive vice president now owns 17,367 shares of the company’s stock, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HD. JPMorgan Chase & Co. boosted their price objective on Home Depot from $410.00 to $418.00 and gave the company an “overweight” rating in a report on Wednesday, May 21st. Jefferies Financial Group lowered their price objective on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Stifel Nicolaus upgraded shares of Home Depot from a “hold” rating to a “buy” rating and lifted their price objective for the company from $405.00 to $425.00 in a report on Wednesday, May 21st. Guggenheim reissued a “buy” rating and set a $450.00 target price on shares of Home Depot in a research report on Wednesday, May 21st. Finally, Truist Financial raised their price target on shares of Home Depot from $393.00 to $417.00 and gave the company a “buy” rating in a research report on Tuesday, May 20th. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $426.77.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.